Franz von Holzhausen, Tesla’s chief designer, shows the doors on the Tesla Model X.
Tesla Motors Inc., the electric-car maker headed by billionaire Elon Musk, climbed to a record after saying it turned its first quarterly profit on higher-than-forecasted sales of its Model S sedan, overcoming controversy about the car’s performance.
Tesla reached “full profitability” as Model S sales were more than 250 units higher than the 4,500 that the electric-car maker projected in mid-February, according to a company statement that didn’t specify the profit figure.
Tesla has forecast that deliveries of the battery-powered Model S will rise to a record 20,000 in 2013. The car starts at $59,900 and has a range of as far as 300 miles (483 kilometres) in ideal conditions when its 85-kilowatt-hour battery pack is fully charged.